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20121222
20121230
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CNBC 5
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Search Results 0 to 5 of about 6
CNBC
Dec 27, 2012 2:00pm EST
by the way is running at a $16 billion deficit this year, may be doing more harm than good. ed pinto joins us now. ed, you went back and reviewed more than 2 million different mortgages. everybody says the fha is good for america. you beg to differ. how come? >> thank you, brian. pleasure to be here. fha is really a tale of two neighborhoods. it makes low risk loans relatively speaking in certain neighborhoods and it makes high risk loans in other neighborhoods. it calls the average okay although as you indicated it's actually has the substantial negative net worth. it calls it on the average that it's okay. the average doesn't work for the 9 nourks neighborhoods that we studied where the average foreclosure rate for the 2009 and 2010 originations, which were well after the financial collapse, where those originations are expected to have about a 10% foreclosure rate minimum and an average foreclosure rate of about 15%. so it's really putting borrowers in these neighborhoods on a tight rope without a safety net and they're literally a water heater or a roof leak away from disaster. >> so to p
MSNBC
Dec 29, 2012 9:00am PST
the ground work for future progress on more economic growth and deficit reduction. >> republicans say they want a deal as well, but they highlighted their biggest sticking points today in their weekly address. listen now to missouri senator roy blount. >> senate democrats have spent months drawing partisan lines in the sand. the president's proposal to raise tax on the top 2% of americans won't even pay one-third of the annual interest that's now owed on this massive $16 trillion debt. in fact, the president's tax hike would only fund the government for eight days. >> the senate is set to reconvene sunday at 1:00 eastern time. the house expected to be in session sunday. are going to start around 2:00 with the first votes coming around 6:30 p.m. let's head on over to the white house. kristen welker standing by. a lot happening in washington, d.c. a lot happening i would assume at the white house. but how engaged is the presidented to in moving this thing forward? >> reporter: good afternoon, t.j. i am told there are conversations going on at the staff level. as you know, he met with co
CNBC
Dec 27, 2012 9:00am EST
kind of deficit the losers are facial as we go into the new year. "squawk on the street" is back in a minute. [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laug hey! [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ]
CNBC
Dec 27, 2012 6:00am EST
will turn to a deficit on 2013 in the increasing demand in the auto industry where palladium is used in systems for cars. combined with the global system supply. a rally that began in earnest at the end of 2012 will go into overdrive in the new year. . >> joining us now is dan dickert. you just said palladium. that's a big pick for you? >> i was surprised that sharon spoke about palladium. it was my sleeper bet for 2013. >> what's going on with palladium? >> it's a real industrial metal. it's in short supply. it's undertraded, underowned and one of those industrial metals. it's one of those sleeper metal plays that you can make. used in vehicles? >> in the cat converters. that's the main use for them. there's a real shortage that's been going on in palladium. >> look into the crystal ball. give us an oil price if you came back here a year from today. >> this is the toughest one ever. this is the third year i've conpredictions for you twice. it's not so bad. >> you said it would fluctuate? >> there was one guy who said it would rachet between $130 and $160. i said you have to do bette
CNBC
Dec 28, 2012 12:00pm EST
there while you wait. if you don't get a deal obviously you have a massive decline in the deficit for doing nothing. i do think it works right now but i don't see a lot of upside. it is a place to hide. >> good stuff as always. see you on the other side of the new year. wish you the best. >> thank you. >> mike santelli yahoo finance. let me pose the question as i did before in this segment this way. how much is a deal worth to the stock market? >> i think a deal is worth probably 500 points in the stock market if for no other reason than the fact if you're talking about certainty right now we're under this cloud. we have no certainty whatsoever. so for that reason i think stocks like apple, for instance, one of those we've been talking about for a month. why are they selling off apple? fundamentally as the story changed? absolutely not. a hundred and some odd dollars lower than it was. >> i think a deal gets us to 4% to 5% we've given back, gets the s&p back up to its high of 1475. >> i think it's also what it checks on the down side. we're a consumer driven economy. you can see the consume
CNBC
Dec 24, 2012 6:00am EST
need to do, we can run a 2% deficit. we need to get back to "x" amount of revenue, and "y" amount of government spending. and most people say somewhere between like 18 revenue, 20 spending, maybe 19 revenue, 21 pending. given what the democrats and the white house are offering on the spending cuts, do you feel that maybe they're thinking they want to keep it at 23, 22, 24? we're not seeing anything that gets us anywhere near 20 or 21 in terms of the offers we're seeing from them. are we? >> no. no. i mean, this would be like, you know, in 1969, we landed the first man on the moon. but it would have never happened if -- the only thing they worried about was exactly how the, you know, the lunar module was going to land, but not how they were going to leave the atmosphere of the earth. you can't worry about the little details on these tax issues. as much as the winners of the election want to punish the rich, because i can't think of any other reason that we dwell so much on that side of it, the rest of it, what did i read? senator corker was telling me before we went on air, and i w
Search Results 0 to 5 of about 6